by Mike ‘Mish’ Shedlock
Export prices sank 0.8% in August vs. the Econoday Consensus of -0.1%.
Amusingly, the entire range of exports predictions was -0.2% to +0.1%. On a percentage basis, the closest economist missed the mark by 300% and the consensus by 700%.
Import prices fell 0.2% vs. a consensus of -0.1% in a range of -0.4% to +0.2%. At least one economist got the number correct, and at least one economist was on Mars.